1430 Morgan CtMelbourneFL32934
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Melbourne at 1430 Morgan Ct, Melbourne, FL, 32934 priced at $425,000 converts $2,434/mo rent into after a $2,080/mo obligation. Total monthly income equals $2,434/mo. Return on cash invested prints 16.34% in year one, and rental yield reads 6.87% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 84.38% and total cumulative return in cash sums $118,877. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,434/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2006
5,662 sqft lot
$N/A/sqft
$400 annually HOA
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Nearby investment properties with comparable prices
Listed by: Euceny Tomaz Deanto • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1030490
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